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Home » Firm that makes personal loans to pay $20 million after deceptive claims

Firm that makes personal loans to pay $20 million after deceptive claims

OneMain offers auto refi through personal loans

Bloomberg NewsbyBloomberg News
May 31, 2023
in Compliance
Reading Time: 2 mins read
0
Lithia floorplan interest expense up 465%

© Can Stock Photo / welcomia

US regulators ordered OneMain Holdings Inc. to pay $20 million in redress and penalties, saying the personal loan installment lender deceived customers into taking on additional products and withheld interest from them. OneMain will pay $10 million to refund customers and $10 million to the Consumer Financial Protection Bureau’s relief fund, according to a statement […]

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